A risk off day in the outside markets, including DOW, pulled down livestock and soybeans. Wheat put in weather premium and pulled corn higher. Jim McCormick of AgMarket.Net has details.
Risk Off in Outside Markets Pulls Down Livestock and Soybeans: Corn and Wheat Correct and Put in Weather Premium
A risk off day in the outside markets, including DOW, weighs on livestock and soybeans. Wheat put in weather premium and pulled corn higher in the process. Jim McCormick of AgMarket.Net has details.
Related Stories
Dave Chatterton with Strategic Farm Marketing says funds have sold and liquidated hard the last three weeks in the corn market and while they took their foot off the gas on Monday he doesn’t think the selling is done.
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
Mark Knight with Farmers Keeper Financial says the funds are exiting as the grains have divorced from the crude oil market and are trading weather.
Read Next
Applying a keen sense of business and creating non-farm assets, Tim Nuss unlocks a flywheel effect to propel the Nuss Farms forward.


